On Wednesday October 19th the PLCA Board met for their monthly meeting. During the 2 hour and 20 minute meeting three important long-term, high-dollar projects were touched upon – with astonishingly little discussion. Audio clips of these agenda items follow:
Beach Restoration Click on the following highlighted text to listen to the audio clip. click here: Beach Restoration Project discussion during Oct 17 PLCA Board meeting Paul Erhardt, the WCI appointed board member (not a property owner) is spearheading the beach restoration project. (This multi million dollar project with long-term financial implications and undetermined liabilities received less than 4 minutes of talk time with not one question from any board member.)
Coconut Point Marina: Click on the following highlighted text to listen to the audio clip. click here: Coconut Point Marina discussion during Oct 17 PLCA Board Meeting New Board Member, Larry McPherson, is spearheading the due diligence with Community Manager Marie Martel and PLCA attorney Tom Hart. (less than 3 minutes of consideration expended on this discussion) FYI: Outside of a board meeting, on 9-13-12 PLCA President, John Duder, signed a letter of intent to purchase the Coconut Point Marina from WCI. This action was not discussed during the 9-17-12 Board meeting. It was not until 9-27-12 that residents became aware of this purchase offer when we received notice of a “special” meeting to be held on October 4th to “discuss” this purchase. During the 10-4-12 meeting the board approved a motion to sign a purchase contract. Prior to the board meeting, on the morning of 10-17-12, PLCA President John Duder signed an “as is” contract to purchase the Marina with a 60 day due diligence period. (Why did he not take this action during the board meeting?) A community meeting is scheduled for December 4th to finalize the purchase.
Street Repairs and Road Overlay (approximately 13 miles of road): click here: Road Repairs Resurface Engineer approved during Oct 17 PLCA board meeting Board Member, Jim Murphy, is spearheading this project. (approx. 6 minute discussion). No explanation was given for the need to resurface roads that should have another 5 years of life expectancy. To review the 2013 budgeted reserve account for roads click here: Grounds2013 draft budget (roads,seal coat,etc).
Do our Board of Directors have questions on these issues they would like to share with the residents who will pay for these decisions? Or, do they have no questions?
It is also noteworthy that the PLCA has never allocated dollars to a reserve account for the repair and replacement of the storm drains and now they want to “transfer” the ownership of these (expensive to replace) infrastructure elements to the CDD’s.
Do we have enough dollars in the kitty to pay for all of this? If not, are special assessments warranted? Valid questions are not being adequately and openly addressed by the board of directors and property owners are being treated as though we have no skin in the game.